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Suppose a bank has a gap of -$55 million dollars. If interest rates rise by 2%, then the change in profits is ? Using duration

Suppose a bank has a "gap" of -$55 million dollars. If interest rates rise by 2%, then the change in profits is ?

Using duration analysis, if a bank's assets have an average duration of four years and the interest rate rises by 2%, then the percentage change in the bank's assets is estimated to be?

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